北京云迹科技股份有限公司（以下简称"云迹科技"）于2025年10月16日在香港联合交易所主板完成首次 公开发行并上市（股票代码：2670.HK）。毕马威作为云迹科技上市的申报会计师参与该上市项目，提 供了专业服务。 （来源：四大新鲜事儿） 来源：四大新鲜事儿 关于云迹科技 云迹科技主要向客户提供机器人及其功能套件产品，并辅以AI数字化系统服务，以满足客户对适应性 和可扩展性的机器人产品和服务的需求。 杨家俊 审计合伙人 毕马威中国 +86 (532) 8907 1678 dennis.yeung@kpmg.com 张欢 审计合伙人 北方区高端制造行业审计服务 主管合伙人 毕马威中国 +86 (10) 8508 7305 charles.h.zhang@kpmg.com 成源 审计合伙人 毕马威中国 +86 (10) 8508 7865 annie.cheng@kpmg.com 赵德超 毕马威中国 审计高级经理 毕马威中国 +86 (10) 8508 4758 jonathan.zhao@kpmg.com 韩可 审计经理 +86 (10) 8508 5895 hank.han@kpmg.com 颜佳 审计经理 ...

Group 1: Yunji's IPO - Yunji officially listed on the Hong Kong Stock Exchange on October 16, raising a net amount of approximately HKD 593 million [1] - On its first trading day, Yunji's stock opened with a significant increase of 49.37%, reaching HKD 142.8 per share, and closed at HKD 120.5, giving it a total market capitalization of approximately HKD 8.281 billion [1] - Yunji is a leading AI-enabled robotics service company, holding a 6.3% market share in China's robotics service market and a 13.9% share in the hotel robotics service market for 2024 [1] Group 2: Zijin Gold International's Inclusion in Stock Connect - Zijin Gold International was added to the Hong Kong Stock Connect list effective October 16, 2025, due to adjustments in the Hang Seng Composite Large Cap Index [2] - On the announcement day, Zijin Gold International's stock closed at HKD 147.4, reflecting a 3.80% increase [2] Group 3: Strategic Partnership between JD and Changan Automobile - Changan Automobile and JD Group signed a strategic cooperation agreement on October 15, focusing on smart logistics vehicles and the development of new energy autonomous vehicles [4] - The partnership involves multiple brands under Changan and various sectors of JD, indicating a deep collaboration aimed at enhancing both manufacturing and digital capabilities [4] Group 4: Meet Xiaomian's IPO Application - Guangzhou Meet Xiaomian has submitted a prospectus to the Hong Kong Stock Exchange, aiming to become the first listed Chinese noodle restaurant chain [5] - Meet Xiaomian is the fourth largest Chinese noodle operator in China with a market share of 0.5% for 2024, indicating a notable position in a fragmented industry [5] Group 5: Hong Kong Stock Market Performance - The Hang Seng Index closed at 25,888.51, with a slight decrease of 0.09% on October 16 [6] - The Hang Seng Tech Index fell by 1.18% to 6,003.56, while the National Enterprises Index increased by 0.09% to 9,259.46 [6]

Company Overview - Beijing Yunji Technology Co., Ltd. was listed on the Hong Kong Stock Exchange on October 16, becoming the fourth specialized technology company to list under the new Chapter 18C [2] - Yunji is an AI-enabled robotics service technology enterprise, primarily providing robots and functional suites, along with AI digital system services [2] Market Position - According to Frost & Sullivan, Yunji holds a 6.3% market share in China's robotics service intelligent body market for 2024, ranking first [2] - In the hotel scene of the same market, Yunji ranks first with a 13.9% domestic revenue share for 2024 [2] IPO Performance - At the close of trading on the listing day, Yunji's stock price was HKD 120.50, reflecting a 26.05% increase, with a total market capitalization of approximately HKD 82.81 billion [2] Future Outlook - The founder and CEO, Zhi Tao, emphasized that the IPO signifies market recognition of the commercial value of service robots and marks a critical step towards the large-scale implementation of robotic service intelligence [2] - Yunji plans to strengthen its "brain + limbs" full-stack R&D capabilities and promote deeper integration of robotic technology with vertical industries, aiming to bring intelligent services to households [2]

Core Viewpoint - Beijing Yunji Technology Co., Ltd. (referred to as "Yunji") was listed on the Hong Kong Stock Exchange on October 16, 2023, with a closing price of HKD 120.50, reflecting a 26.05% increase from its initial offering price [1]. Summary by Relevant Sections Share Issuance and Capital Structure - The total number of shares offered globally was 6,900,000 H-shares, with 1,380,000 shares allocated for public offering in Hong Kong and 5,520,000 shares for international offering [2]. - At the time of listing, the total number of issued shares (assuming no exercise of the over-allotment option) was 68,718,182 [2]. Financial Details of the Offering - The final offer price was HKD 95.6 per share, raising a total of HKD 659.6 million. After deducting estimated listing expenses of HKD 66.4 million, the net proceeds amounted to HKD 593.3 million [4]. - The intended use of the net proceeds includes: - 60% for enhancing research and development capabilities (HKD 354.2 million) - 30% for improving commercialization capabilities both domestically and internationally (HKD 176.8 million) - 10% for working capital and other general corporate purposes (HKD 59.0 million) [5]. Company Overview and Financial Performance - Yunji is a robotics service company empowered by AI technology, primarily providing robotic products and AI digital system services [6]. - The company's revenue for the years ending December 31 for 2022, 2023, and 2024, as well as for the five months ending May 31, 2025, were RMB 161.3 million, RMB 145.2 million, RMB 244.8 million, and RMB 88.3 million, respectively [6]. - The losses for the same periods were RMB 365.4 million, RMB 264.5 million, RMB 185.0 million, and RMB 118.3 million, with adjusted net losses of RMB 233.9 million, RMB 120.5 million, RMB 27.6 million, and RMB 26.8 million [6]. - Cumulatively, the total losses over the specified periods amounted to RMB 933 million [6]. Cash Flow and Financial Activities - The net cash used in operating activities for the respective years was RMB 170.4 million, RMB 76.4 million, RMB 41.5 million, and RMB 53.0 million [8]. - The net cash from investing activities was RMB 231.7 million, RMB 153.2 million, and negative RMB 18.0 million for the years ending December 31, 2022, 2023, and 2024, respectively [9].

Core Viewpoint - Cloud Intelligence Technology Company, Yunji (02670.HK), successfully listed on the Hong Kong Stock Exchange on October 16, 2025, marking it as the fourth specialized technology company to list under the new Chapter 18C of the HKEX [4]. Summary by Sections IPO Details - Yunji's global offering consisted of 6.9 million H shares, accounting for 10.04% of the total shares post-IPO, with a share price set at HKD 95.60, raising approximately HKD 660 million, and a net fundraising amount of about HKD 593 million [4]. - The public offering was oversubscribed by 5,657.20 times, while the international offering was oversubscribed by 18.62 times [4]. Shareholder Structure - After the IPO, the shareholder structure shows that Ms. Zhi Tao is the controlling shareholder with a total voting power of 32.86% [5]. - Other notable investors include Tencent, Lenovo Fund, Ctrip, Qiming Venture Partners, Alibaba, Anhui Artificial Intelligence Company, Henan KET, and Lanting Investment [4][5]. Company Overview - Founded in 2014, Yunji is a leading AI-enabled robotics service company, providing robots and kits along with AI digital systems [6]. - According to Frost & Sullivan, Yunji ranked first globally in the robotics service market in 2024, with an average of 27,000 robots online daily and serving 230 million consumers [6]. - In the Chinese market, Yunji holds a 13.9% revenue share in the hotel service robotics sector, also ranking first [6]. Stock Performance - As of the report, Yunji's stock price reached HKD 130.30, reflecting a 36.30% increase, with a total market capitalization of approximately HKD 89.54 billion [7][8]. IPO Underwriters - The IPO was managed by a team including CITIC Securities and Jianyin International as joint sponsors, along with several other financial institutions involved in various capacities [8].

Core Insights - Cloudwalk (2670.HK) debuted on the Hong Kong Stock Exchange today, opening at 142.8 HKD, a 49.37% increase from its IPO price of 95.60 HKD, resulting in a market capitalization of 9.8 billion HKD [1][2] - The IPO was highly successful, with a public offering subscription rate of 5,657.20 times and an international placement subscription rate of 18.62 times [1] Company Overview - Cloudwalk is a leading AI-enabled robotics service technology company, providing robots and functional suites along with AI digital systems [1] - The company offers adaptable and scalable products and services, including robots that can interact with the real world and AI systems that optimize decision-making [1] Market Position - According to Frost & Sullivan, Cloudwalk ranks first globally in the robotics agent market for 2024, with an average of 27,000 concurrently operating robots and serving 230 million consumers [1]

云迹科技主要提供机器人及功能套件，辅以AI数字化系统的服务，主要专注于开发机器人服务智能 体。其产品可应用于多类场景，目前收入主要来自酒店，去年收入为2亿元，按年升47%，占比达 83%。去年公司收入2.4亿元，按年升68.6%，净亏损1.8亿元，按年收窄三成。 来源：市场资讯 （来源：BBW咏竹坊） 机器人服务AI赋能技术企业北京云迹科技股份有限公司（2670.HK）周三起至下周一公开招股，全球发 售690万股，发售价为每股95.6港元，预计集资约6.6亿港元，下周四挂牌上市。 公司过去已完成八轮融资，引入联想基金、阿里巴巴、腾讯、携程等投资者。申请文件显示，假设超额 配股权未获行使，联想基金、阿里、腾讯及携程预料会于云迹上市后分别持股3.8%、2.65%、8.18%及 2.42%。 公司称，集资所得净额约5.9亿港元，其中约60%将用于提升研发能力，约30%用于提高中国境内外商业 化能力，拓展与医疗机构、工厂及商业楼宇场景的潜在客户，余下10%为营运资金及其他一般公司用 途。 ...